The Nigerian Education Loan Fund (NELFUND) has announced its plans to collaborate with recruitment agencies to provide direct employment opportunities for loan applicants.
During an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) on Thursday in Lagos, NELFUND’s Managing Director, Akintunde Sawyer, emphasized the importance of quick employment for applicants after graduation to expedite loan repayment.
Beneficiaries of the NELFUND loans are expected to commence repayment two years after completing their National Youth Service Corp (NYSC). However, those who secure employment early will have the option to begin repaying before the stipulated period.
This initiative aims to support Nigerian undergraduates struggling with tuition fees, ensuring they can complete their academics.
Sawyer also assured a seamless approach for applicants to access the loan through their respective institutions. Additionally, in a move towards transparency, NELFUND is seeking the support of Civil Society Organisations (CSOs) in the disbursement process.
